Track market-moving stories before they get noisy

Seagate has already handed investors a fourfold return in a year, and Wall Street still sees room to run, but the path to four digits depends on three things going right at exactly the right time.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Seagate has turned into one of the most improbable megacap breakouts of this cycle. The stock has rallied 229.23% year to date and 381.82% over the past year on the back of a hyperscaler-driven mass-capacity storage cycle that management calls structural.

Seagate Technology (NASDAQ:STX | STX Price Prediction) now trades at $904.38, and the obvious question is whether the next round number is coming into view. Can this hard drive maker really print a $1,000 handle, and if so, when?

Why STX Has Cooled Off After a Historic Run Shares are not truly stuck, but momentum has flattened out. STX is up 10.74% over the past week and 11.27% over the past month, yet the stock still sits below its 52-week high of $1,144.18. The pullback from that peak reflects a few real issues.

Insider activity has skewed net selling, and management continues to flag geopolitical tensions, including the ongoing conflict in the Middle East, plus tariff exposure. Volatility is also a factor, with a beta of 2.09. When a stock has already gained fourfold in a year, digestion is normal. The setup is not broken, but investors are demanding proof that FY27 numbers show up.

Wall Street Sees Upside, but Our Model Says Fair Value The Wall Street consensus target sits at $1,125, backed by 4 strong buy, 18 buy, 2 hold, 0 sell, and 1 strong sell ratings. Our internal model is more cautious, with a base case of $925.40, upside of just 2.32%, and a hold rating at 0.9 confidence. The optimistic one-year scenario, however, points to $1,218.61.

I lean toward the bullish side. Analyst sentiment is running 88% bullish, EPS revisions have been sharply positive, and earnings-growth contribution is strong. The model’s caution comes largely from a 30% large-cap dampener, not deteriorating fundamentals.

The Path for Seagate to Reach $1,000 Per Share Reaching $1,000 from today’s price of $904.38 would require a gain of 10.6%. With forward EPS of $23.11, a price of $1,000 implies a forward P/E of 43x. Our base case of $925.40 already implies roughly 40x on the same forward EPS, meaning the bold target requires about 3.2x of additional multiple expansion.

That is achievable. FY27 EPS estimates have jumped from $27.74 thirty days ago to $35.78, with 20 upward revisions in the past 30 days. CEO Dave Mosley told investors that “Seagate is well positioned to address strengthening exabyte demand through our Mozaic platform and differentiated HAMR technology roadmap”, and that Mozaic HAMR products are qualified with five of the world’s largest cloud customers.

Nearline capacity is almost fully allocated through calendar 2027. Seagate is one of several picks-and-shovels beneficiaries of the AI data-center buildout, and we profiled seven such suppliers, from power to cooling to storage, in a free AI infrastructure report.

The model’s bull case crosses $1,000 on February 9, 2027, while the base case reaches $1,000.42 by December 9, 2028. The primary risk is hyperscaler demand concentration if cloud capex ever normalizes.

Where Seagate Trades Today vs Its Earnings Power At $904.38 against forward EPS of $23.11, STX trades at roughly 39x forward earnings. That is rich versus history but reasonable if FY28 consensus of $55.37 EPS plays out.

Shares sit near the top of the $188.34 to $1,144.18 52-week range, and the 10-year return of 3,696.03% tells you this is a business that occasionally reprices violently. If the FY27 and FY28 EPS ramp lands, the current multiple compresses fast and $1,000 stops looking like a stretch.

Is $1,000 Realistic? My Verdict My verdict on $1,000: realistic within a 12 to 27 month window. The required gain from today is only 10.6%, and the bull case reaches it inside six months. For the base path to hit that level by December 2028, three things need to go right.

HAMR qualifications at hyperscalers must convert to volume, Mosaic 4 has to ramp cleanly, and pricing discipline through the build-to-order model needs to hold. What would derail it is a sudden cut in hyperscaler capex or a HAMR yield stumble. Returns at this level shouldn’t be expected every year, but we’ve outlined the blueprint for how Seagate Technology could reach $1,000 in 2028.

Contact [email protected] for any questions or corrections.

Key Takeaways Seagate's HAMR-based products reached about 40% of its nearline exabyte shipment run rate.Mozaic 4, supporting capacities up to 44TB, is ramping with two major cloud service providers.HAMR investments aim to drive mid-20% nearline exabyte growth while keeping unit output relatively stable. Seagate Technology Holdings plc’s (STX - Free Report) technology roadmap is key to its ability to capitalize on rising storage demand. STX’s expertise in materials science, precision manufacturing, photonics and wafer production has driven HAMR and the Mozaic platform, while vertical integration in laser manufacturing further strengthens its technology edge.

Seagate’s areal-density roadmap enables it to expand exabyte output without materially increasing hard-drive unit production. This improves capital efficiency and lowers customers’ cost and power consumption per terabyte. HAMR-based products accounted for approximately 40% of Seagate’s nearline exabyte shipment run rate at the end of fiscal 2026. Mozaic 3 products are qualified and operating across all major cloud customers, while the second-generation Mozaic 4 platform, capable of supporting capacities up to 44 terabytes, is ramping with the two largest global cloud service providers.

Seagate expects 50% of HAMR exabytes to come from Mozaic 4 by the end of calendar 2026. Mozaic 5 qualification shipments remain on track for late calendar 2027. Higher-capacity products should also benefit profitability. The transition from three-terabyte-per-disk to four-terabyte-per-disk products provides additional cost efficiencies, while tight industry supply is supporting favorable pricing on incremental exabyte availability.

Seagate delivered strong double-digit year-over-year growth in both revenue and exabyte shipments in the enterprise OEM market during the June quarter. The company is expanding HAMR across its portfolio, initially targeting cloud customers and gradually broader enterprise adoption. Investments in HAMR manufacturing tools should support higher-capacity drives while keeping unit output relatively stable, enabling mid-20% nearline exabyte growth over the next few years.

How STX Stacks Up Against Market Peers in the Storage CircleWestern Digital Corporation (WDC - Free Report) is developing and deploying higher-capacity ePMR, UltraSMR and HAMR drives, along with high-bandwidth drive technology for data-intensive workloads. Its product roadmap includes ePMR drives with capacities up to 40 TB, 44-TB HAMR products planned for the first half of calendar 2027 and 50-TB products planned for the second half of calendar 2027. WDC expects the 40-TB ePMR transition, wider UltraSMR adoption and subsequent HAMR introduction to expand the number of exabytes it can deliver without adding unit capacity. Management also cited increased enterprise OEM interest in hybrid storage systems and is working with those customers on UltraSMR, next-generation ePMR and HAMR adoption.

Micron Technology (MU - Free Report) is benefiting from AI-driven demand for memory and storage, tighter DRAM and NAND supply and a richer mix of HBM, data center SSD and high-capacity products. Micron’s technology roadmap is strengthening its exposure to high-value memory solutions used in AI, machine learning and data analytics. Its 1-gamma DRAM node and G9 NAND node are ramping up well and are on track to become the highest-volume nodes in Micron’s history. Development of next-generation DRAM and NAND nodes is set to begin volume production in the second half of calendar 2027. These advances deepen Micron’s role in data center, client, mobile and automotive platforms.

STX Price Performance, Valuation and EstimatesIn the past year, STX shares have skyrocketed 368.5%, outperforming the Computer Integrated Systems industry’s growth of 201.3%.

Image Source: Zacks Investment Research

Going by the price/earnings ratio, the company’s shares currently trade at 22.61 forward earnings compared with 12.11 for the industry.

Image Source: Zacks Investment Research

STX is currently witnessing an uptrend in estimate revisions. Earnings estimates for fiscal 2027 have been revised up 28.7% to $36.09 over the past 60 days, while estimates for fiscal 2028 have risen 17.8% to $58.28.

Image Source: Zacks Investment Research

STX currently boasts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Greenland Capital Management LP acquired a new position in Seagate Technology Holdings PLC (NASDAQ: STX) in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,354 shares of the data storage provider's stock, valued at approximately $1,307,000.

Financial Insights Inc. bought a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 732 shares of the data storage provider’s stock, valued at approximately $706,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC grew its stake in Seagate Technology by 85.9% during the 1st quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider’s stock valued at $8,637,000 after acquiring an additional 10,190 shares in the last quarter. GLOBALT Investments LLC GA raised its holdings in Seagate Technology by 820.8% in the 4th quarter. GLOBALT Investments LLC GA now owns 9,760 shares of the data storage provider’s stock valued at $2,688,000 after acquiring an additional 8,700 shares during the last quarter. Tredje AP fonden lifted its stake in Seagate Technology by 446.6% in the 4th quarter. Tredje AP fonden now owns 111,339 shares of the data storage provider’s stock worth $30,662,000 after purchasing an additional 90,968 shares in the last quarter. USA Financial Formulas acquired a new position in shares of Seagate Technology during the 1st quarter worth approximately $1,328,000. Finally, Profund Advisors LLC boosted its holdings in shares of Seagate Technology by 458.6% during the 4th quarter. Profund Advisors LLC now owns 20,282 shares of the data storage provider’s stock worth $5,585,000 after purchasing an additional 16,651 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling at Seagate Technology In related news, EVP John Morris sold 3,516 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $849.35, for a total transaction of $2,986,314.60. Following the completion of the transaction, the executive vice president owned 12,805 shares of the company’s stock, valued at approximately $10,875,926.75. This trade represents a 21.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yolanda Conyers sold 750 shares of Seagate Technology stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $815.11, for a total transaction of $611,332.50. Following the completion of the sale, the director owned 3,351 shares of the company’s stock, valued at $2,731,433.61. This trade represents a 18.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 191,765 shares of company stock valued at $161,865,249. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Stock Performance STX opened at $849.28 on Monday. The stock has a market capitalization of $192.49 billion, a PE ratio of 61.19 and a beta of 2.06. Seagate Technology Holdings PLC has a one year low of $183.02 and a one year high of $1,145.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. The business’s 50 day moving average price is $851.92 and its 200 day moving average price is $711.74. Seagate Technology (NASDAQ:STX – Get Free Report) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter last year, the firm earned $2.59 earnings per share. The firm’s quarterly revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, equities research analysts expect that Seagate Technology Holdings PLC will post 35.7 EPS for the current year.

Seagate Technology Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Trending Headlines about Seagate Technology Here are the key news stories impacting Seagate Technology this week:

Positive Sentiment: A rally that began in NAND memory broadened across the storage complex, with Seagate benefiting alongside SK Hynix and other memory-linked companies. The strength suggests investors are increasing exposure to companies positioned to supply AI data centers and expanding storage capacity. SK Hynix Surges 7% as Memory Bid Widens Beyond NAND; Seagate Rallies 5% Positive Sentiment: The broader AI trade remained a leading market theme, supporting semiconductor and storage shares. Seagate’s recent results reinforce the bullish case: quarterly revenue rose 48.5% year over year to $3.63 billion, while EPS of $5.71 exceeded estimates and management guided to $7.10–$7.50 in fiscal first-quarter 2027 EPS. Memory, Other AI-Related Stocks Lead the Market’s Top Performers Friday Neutral Sentiment: Director Yolanda Lee Conyers sold 750 shares for approximately $611,000, but the transaction was executed under a pre-arranged Rule 10b5-1 plan. The sale is therefore a limited signal of changing insider sentiment. Negative Sentiment: CEO William Mosley separately sold 30,000 shares valued at approximately $24.5 million under a 10b5-1 plan. Although he retained a substantial stake, the sizable insider sale may weigh modestly on sentiment, particularly after STX’s strong run and elevated valuation. Wall Street Analyst Weigh In STX has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Seagate Technology from $1,100.00 to $1,180.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Morgan Stanley boosted their price objective on Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. TD Cowen upped their target price on Seagate Technology from $850.00 to $1,000.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Melius Research initiated coverage on Seagate Technology in a research note on Monday, June 29th. They issued a “buy” rating and a $1,600.00 target price for the company. Finally, China Renaissance lifted their price target on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $986.00.

Get Our Latest Analysis on Seagate Technology

(Free Report)

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.

Further Reading Five stocks we like better than Seagate Technology AI Token Costs Are Changing the Hardware vs. Software Debate 3 ETFs That Could Move as Rate Expectations Shift 3 Stocks With September Catalysts Investors Shouldn’t Ignore Ollie’s Bargain Outlet Stock Falls on Weak Comps Despite Margin Gains Want to see what other hedge funds are holding STX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology Holdings PLC (NASDAQ:STX – Free Report).

Receive News & Ratings for Seagate Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seagate Technology and related companies with MarketBeat.com's FREE daily email newsletter.

A broad memory bid swept through storage stocks Friday afternoon while the rest of the market softened, and the divergence between one sector ETF and the S&P 500 tells a story that goes well beyond a pair of NAND names…

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The memory bid that opened in NAND has widened into the rest of the storage complex Friday afternoon, and the tape is showing exactly where the money went. The Roundhill Memory ETF (CBOE:DRAM) is up 5% to $59, while the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.4% to $770. That gap flips a soft broad session into a clear sector event.

SK Hynix (NASDAQ:SKHY) stock is rallying 7% to $174.38, providing a clean read on the high-bandwidth memory and DRAM curve tied to AI accelerators. Meanwhile, Seagate Technology Holdings (NASDAQ:STX | STX Price Prediction) stock is climbing 5% to $837.23, a different technology serving a different customer set on a different cost curve.

Western Digital (NASDAQ:WDC) rounds out the listed hard-drive exposure alongside Seagate, and today’s tape doesn’t include a confirmed same-day print for the stock. Even so, storage and memory technologies moving together in one afternoon is a harder signal than two NAND names rising in tandem. WDC stock is up 4% today to $461.02.

Broad Memory Bid Extends Past NAND There isn’t a fresh company-specific headline pushing SK Hynix higher today. The most recent preliminary quarterly report from the company showed revenue of KRW 79.32 trillion, up 256.8% year over year (YoY), with operating profit of KRW 60.54 trillion. HBM demand for AI infrastructure keeps delivering pricing power across both DRAM and NAND, which is why the American Depositary Share (ADS) is the market’s default proxy for the high-bandwidth cycle.

Seagate’s fiscal Q4 2026 report landed with revenue of $3.63 billion, up 48.5% YoY, and non-GAAP EPS of $5.71. CEO Dave Mosley pointed to “robust cloud data center demand and disciplined execution”, and Seagate guided fiscal Q1 2027 revenue to $4.1 billion, plus or minus $100 million. That guide underwrites the bid Seagate stock is drawing today.

Two Technologies, One Repricing SK Hynix sells the HBM and DRAM parts that feed AI accelerators directly. Seagate sells hard drives, the cheaper mass-capacity tier that holds the exabytes AI workloads generate over time. Western Digital rounds out the pure-play HDD peer set after its Sandisk separation, and CEO Irving Tan noted on the recent call that “roughly 80% of data stored” in a hyperscale data center resides on hard drives.

Also, SK Hynix stock is up 22% over the past month, so today’s surge extends existing momentum. Seagate stock, for its part, entered the day off its recent highs, which explains part of the leverage on the intraday move.

What to Watch Next The memory fund climbing hard while the broad tape softens puts SK Hynix, Seagate, and Western Digital in a leadership seat on an otherwise mixed session, and that reads as a sector event across storage broadly. Seagate stock is up 204% year to date (YTD) and Western Digital stock is up 168% YTD, extending a durable run into September. However, a cycle bid that broadens this fast can narrow just as fast, and none of the three announced anything today that changes their own fundamentals.

Investors sizing their exposure to SK Hynix, Seagate, or Western Digital shares can treat the move as a repricing of the memory cycle across the group (we reverse-engineered what the biggest chip winners looked like early in a free playbook here). Moreover, traders can watch for whether the DRAM memory ETF holds above $58 into next week and whether HDD names sustain the bid through the next round of hyperscaler capex commentary. Position sizing matters more than conviction when a whole complex reprices in one afternoon.

Contact [email protected] for any questions or corrections.

 | Source: Scribe Therapeutics Inc.

Initiated the first-in-human Phase 1 trial of STX-1150, a novel LDL-C lowering therapy powered by ELXR, a highly engineered epigenetic silencing technology designed to deliver ultra-long-acting cholesterol lowering without permanent genetic changes

Awarded more than $25 million from the California Institute for Regenerative Medicine (CIRM) to advance both STX-1200 for Lp(a) lowering and STX-1400 for triglyceride lowering toward clinical entry

Completed upsized initial public offering, including full exercise of the underwriters’ purchase option, and a concurrent private placement to Sanofi, generating approximately $155.5 million in aggregate gross proceeds

Cash, cash equivalents, and marketable securities of $43.0 million as of June 30, 2026, plus approximately $140.6 million of net proceeds raised from the July 2026 IPO and concurrent private placement, provides funding into the first half of 2029

ALAMEDA, Calif., Sept. 02, 2026 (GLOBE NEWSWIRE) -- Scribe Therapeutics Inc. (“Scribe Therapeutics” or “the Company”) (Nasdaq: SCTX), a clinical-stage biotechnology company engineering purpose-built in vivo CRISPR technologies designed to extend healthy lifespan through disease prevention and durable therapeutic intervention, today reported financial results for the second quarter ended June 30, 2026, and provided recent corporate and pipeline updates.

“The second quarter and the weeks immediately following represented a transformational period for Scribe,” said Benjamin Oakes, Ph.D., co-founder and Chief Executive Officer of Scribe Therapeutics. “We advanced our lead silencing asset STX-1150 into the clinic, secured significant grant support from CIRM to develop our next two cardiometabolic assets, and successfully completed our initial public offering. These achievements position us to execute across a broadly differentiated portfolio of CRISPR genetic medicines designed to address the three major lipid drivers of atherosclerotic cardiovascular disease: LDL-C, Lp(a), and triglycerides. Our purpose-built technologies are uniquely poised to democratize access to the cardioprotective effects of beneficial human genetics. Guided by nature's blueprint for improved cardiovascular health, our aim is to shift the treatment paradigm of heart disease from chronic intervention of symptoms toward durable disease prevention and lifespan extension.”

Pipeline Highlights

STX-1150: In vivo epigenetic silencing therapy for LDL-C lowering

Initiated first-in-human Phase 1 clinical trial in Australia for Scribe’s epigenetic silencing therapy STX-1150.  STX-1150 utilizes our Epigenetic Long-term X Repressor (ELXR) and is designed as a liver-targeted, in vivo CRISPR-based epigenetic silencing therapy that represses PCSK9, a genetically and clinically validated target for LDL-C lowering, without permanently altering the underlying DNA sequence.
The Phase 1 study, initiated in mid-2026, will evaluate the safety, tolerability, and efficacy of STX-1150 in adults with elevated low-density lipoprotein cholesterol (LDL-C) and increased risk of atherosclerotic cardiovascular disease (ASCVD).
Presented late-breaking data at the European Atherosclerosis Society (EAS) Congress supporting STX-1150 for persistent LDL-C lowering after a single dose. In non-human primates (NHPs), a single administration of an STX-1150 ELXR prototype demonstrated PCSK9 silencing of up to 90%, leading to LDL-C reductions of up to 68%.A therapeutically relevant dose of 0.75 mg/kg produced durable LDL-C reductions of greater than 50%, sustained for two years, with liver enzyme profiles comparable to saline controls.A toxicology study in NHPs showed no adverse clinical observations.
Epigenetic silencing with STX-1150 is designed to address a major limitation of current LDL-C lowering approaches and is positioned to recapitulate the cardioprotective effects of human genetics. Current LDL-C therapies remain limited by adherence and durability: recent studies show 50 to 70% of patients discontinue LDL-C-lowering medicine within one year, increasing heart attack risk, while evidence indicates lifelong and earlier LDL-C lowering can deliver substantially greater ASCVD risk reduction than late or inadequate treatment.STX-1150 is designed to overcome this gap by using ELXR, Scribe’s highly engineered epigenetic silencing technology, to down-regulate PCSK9 transcription and deliver persistent, potent LDL-C reductions for years without permanently altering DNA.STX-1150 aims to mimic the protective cardiovascular profile seen in people with naturally occurring PCSK9 loss-of-function variants, who can have a 28% lower mean LDL-C, with up to 88% lower coronary heart disease risk. By doing so, STX-1150 should help shift LDL-C management from burdensome chronic treatment toward durable, long-term prevention. Clinical data expected in the first half of 2027. Scribe anticipates reporting initial clinical data, including safety, tolerability, and LDL-C lowering activity, from the single ascending dose (SAD) portion of the STX-1150 Phase 1 trial in the first half of 2027. STX-1200 and STX-1400: Advancing cardiometabolic gene editing programs targeting genetically driven, severely elevated Lp(a) and triglycerides, respectively. Awarded approximately $25.7 million in combined non-dilutive CIRM grants.

Awarded $12.7 million for advancing STX-1200 toward clinical entry as early as 2027.  STX-1200 targets LPA utilizing X-Editor (XE), Scribe’s highly engineered genetic editing technology. STX-1200 is designed to lower lipoprotein(a) (Lp(a)) in patients with genetically elevated Lp(a) and associated ASCVD risk. In preclinical studies, STX-1200 surrogates achieved greater than 95% Lp(a) reduction in NHPs.   Awarded $13.0 million for advancing STX-1400 toward clinical entry as early as 2027.  STX-1400 targets APOC3 utilizing XE. STX-1400 is designed to lower triglyceride-rich lipoproteins and address the risk of acute pancreatitis in severe hypertriglyceridemia, including familial chylomicronemia syndrome and multifactorial chylomicronemia syndrome. In preclinical studies, STX-1400 surrogates achieved greater than 75% on-target APOC3 editing in NHPs. Platform and Scientific Leadership

Published updated findings in bioRxiv, highlighting the ELXR platform's novel enhancements in potency and safety enabling the durable repression of target genes without permanent DNA modification.

The publication illustrates a novel framework for engineering context-aware epigenetic therapies.Further demonstrated that these engineering approaches developed molecules that decrease off-targets by up to 10x and increase on-target activity across loci as much as 4x.To the Company's knowledge, this is the first example of an epigenetic therapy with an allosterically gated sequential proofreading mechanism that meaningfully widens the therapeutic window of CRISPR approaches. Corporate Highlights

Nasdaq listing. Common stock began trading on the Nasdaq Global Market on July 24, 2026, under the ticker symbol “SCTX.” Scribe upsized its initial public offering and priced at the high end of the range at $15.00 per share. The Company also completed a concurrent private placement to Sanofi at the IPO price.Approximately $155.5 million in aggregate gross proceeds. Capital raised from the IPO, the full exercise of the underwriters’ option, and the concurrent private placement totaled $155.5 million before underwriting discounts, commissions, and offering expenses.Funding into the first half of 2029. Based on Scribe’s current operating plan, the Company believes its existing cash, cash equivalents, and investments, together with net proceeds from the IPO and the concurrent private placement, will be sufficient to fund its operating expenses and capital expenditure requirements into the first half of 2029. Second Quarter 2026 Financial Results

Cash position: Cash, cash equivalents, and marketable securities were $43.0 million as of June 30, 2026, compared with $58.0 million as of December 31, 2025. Cash, cash equivalents, and marketable securities of $43.0 million as of June 30, 2026, plus approximately $140.6 million of net proceeds raised from the July 2026 IPO and concurrent private placement, provides funding into the first half of 2029.Collaboration revenue: Collaboration revenue was $1.9 million for the three months ended June 30, 2026, compared with $4.9 million for the prior year period in 2025. The decrease was primarily attributable to lower reimbursable research and development activities and reduced revenue recognition under the Company's collaboration arrangements.Research and development expenses: Research and development expenses were $8.8 million for the three months ended June 30, 2026, compared with $13.9 million for the prior year period in 2025. The decrease was primarily attributable to lower personnel-related costs and reduced spending on preclinical research programs, partially offset by increased expenditures supporting the advancement of the STX-1150 Phase 1 clinical trial, including clinical and manufacturing activities.General and administrative expenses: General and administrative expenses were $2.5 million for the second quarter of 2026, compared with $2.6 million for the second quarter of 2025. The decrease was primarily attributable to lower administrative costs.Net loss: Net loss was $6.5 million, or $2.62 per basic and diluted share, for the three months ended June 30, 2026, compared with a net loss of $9.9 million, or $4.08 per basic and diluted share, for the same period in 2025. About Scribe Therapeutics Inc.
Scribe Therapeutics is a clinical-stage biotechnology company engineering CRISPR-based technologies into purpose-built in vivo genetic medicines designed to become standard of care treatments for patients suffering from highly prevalent diseases, starting with cardiometabolic disease. Leveraging its CRISPR by Design™ approach and nature’s blueprint for improved cardiovascular health, Scribe’s initial programs focus on addressing the key drivers of ASCVD such as elevated LDL-C, lipoprotein(a), and triglycerides. The company’s lead candidate, STX-1150, is a novel liver-targeted therapy designed to epigenetically silence the PCSK9 gene and reduce LDL-C levels without inducing permanent DNA changes. To broaden and accelerate the impact of its engineered CRISPR technologies for patients, Scribe has formed strategic collaborations with world-leading pharmaceutical companies including Sanofi and Eli Lilly. Co-founded by Nobel Prize winner Jennifer Doudna and backed by leading life sciences investors, Scribe is advancing scalable, transformative, and preventative genetic medicines with the goal of improving outcomes and democratizing access to the protective effects of beneficial human genetics. To learn more, visit www.scribetx.com.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this press release, including statements regarding Scribe’s strategy, business plans and objectives; the therapeutic potential, safety, efficacy, durability, scalability and clinical or commercial prospects of Scribe’s product candidates and technologies; the design, initiation, enrollment, conduct, timing and results of preclinical studies and clinical trials; the timing of clinical data and other anticipated milestones; the advancement of STX-1150, STX-1200, STX-1400 and other programs; the expected use and benefits of CIRM funding; and Scribe’s expected cash runway and financial position are forward-looking statements. The words “aim,” “anticipate,” “believe,” “continue,” “could,” “design,” “estimate,” “expect,” “goal,” “intend,” “may,” “plan,” “potential,” “seek,” “should,” “target,” “will” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.

Forward-looking statements are based on management’s current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include those described under the heading “Risk Factors” in Scribe’s filings with the U.S. Securities and Exchange Commission, including its final prospectus filed pursuant to Rule 424(b)(4) under the Securities Act of 1933, as amended, and future reports that Scribe may file with the SEC. Except as required by law, Scribe undertakes no obligation to update any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect new information or the occurrence of unanticipated events.

Investor Contact:
Investor Relations, Scribe Therapeutics
[email protected]

Media Contact:
Thermal for Scribe Therapeutics
[email protected]

 SCRIBE THERAPEUTICS INC.
Statement of Operations
(in thousands, except share and per share data)
(Unaudited)
  Three Months Ended
June 30,
 Six Months Ended
June 30,   2026
 2025
 2026
 2025
Collaboration revenue$1,918  $4,898  $4,151  $22,023 Operating expenses:       Research and development 8,823   13,884   20,128   29,876 General and administrative 2,490   2,641   5,844   9,332      Total operating expenses 11,313   16,525   25,972   39,208 Loss from operations (9,395)  (11,627)  (21,821)  (17,185)Interest income and other income (expense), net 383   880   898   1,944 Interest expense (276)  (598)  (875)  (1,197)     Change in fair value of Convertible Note 3,023   730   (1,585)  2,083 Net loss before provision for income taxes (6,265)  (10,615)  (23,383)  (14,355)     Provision for income tax (212)  712   (441)  1,027 Net loss$(6,477) $(9,903) $(23,824) $(13,328) SCRIBE THERAPEUTICS INC.Selected Balance Sheet Items(in thousands, except share and per share data)(Unaudited) June 30, December 31, 2026
 2025
    Cash, cash equivalents and investments$43,009  $57,963 Total Assets 57,927   78,219 Total Liabilities 102,417   101,282 Total stockholders' deficit (164,846)  (143,419)

Seagate has already handed investors gains that dwarf Nvidia's returns over the past year, and Wall Street analysts think the storage giant still has a long way to run before this AI trade exhausts itself.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Seagate Technology (NASDAQ:STX | STX Price Prediction) has quietly become one of the loudest AI stories on the market. Shares are up 202.07% year to date and 385.3% over the past year, riding a wave of hyperscaler orders for mass-capacity hard drives.

CEO Dave Mosley told investors last month that “As AI accelerates data generation and its value, we see durable long-term demand for mass capacity storage,” and the numbers back him up. With shares near $829.76, the question is whether Seagate can push through to $1,000 in 2027.

Wall Street Sees Even More Upside From Here The Street is unusually aggressive on this storage name. The consensus 1-year price target sits at $1,125, with 18 Buy and 4 Strong Buy ratings against just 2 Hold calls. That implies analysts see roughly 36% upside from current levels, well above our $1,000 bull case.

Why the optimism? Fiscal 2026 revenue grew 34.06% to $12.20 billion, and net income more than doubled to $3.18 billion. Q4 revenue jumped 48.49% year over year to $3.63 billion, and non-GAAP EPS of $5.71 topped estimates by 12.11%. Seagate has now beaten EPS expectations for four consecutive quarters, which suggests forward numbers may still be too low.

Path to $1,000 Per Share in 2027 Trailing valuation looks eye-watering at 61x earnings, but the forward multiple tells the real story. Forward P/E stands at 24x, roughly in line with the S&P 500’s forward multiple near 22x.

Management guided fiscal Q1 2027 to non-GAAP EPS of $7.30 on revenue of $4.1 billion. If that quarterly run-rate sustains through fiscal 2027, annual EPS could clear $28 to $30. At $1,000, shares would trade around 33x to 36x forward earnings. Rich, but defensible for a business compounding revenue at a 20%+ target rate.

Here is what could push STX to $1,000:

Locked-in hyperscaler demand. Mosley told analysts that “Nearline capacity almost fully allocated through calendar 2027,” with build-to-order contracts covering pricing and configurations for the entire fiscal year. HAMR ramp accelerating. Mozaic HAMR drives are qualified with five of the world’s largest cloud customers, and Mozaic 4 delivers “up to 44 terabytes per drive,” “over 30% more capacity compared to the first generation” with minimal added cost. Margin expansion. GAAP gross margin hit 52.3% in Q4, up from 37.4% a year earlier. Value-based pricing and mix shift into higher-capacity drives should continue. Structural AI tailwinds. Mosley described a “period of structural growth,” citing autonomous vehicles producing “up to four terabytes per hour” and compliance retention stretching “five to 10 years.” Balance sheet cleanup. Seagate retired $1.40 billion in debt in fiscal 2026, freeing up capital that management said would likely return to share buybacks. Recent History Shows $1,000 Is Within Reach A move from $829.76 to $1,000 requires roughly 20% upside. That is well within STX’s demonstrated range. The stock has already returned 1,015.99% over five years and 3,605.64% over ten.

Even more telling, shares gained 8.55% in the past month alone, and the 52-week high of $1,144.18 shows the market has already priced STX above $1,000 this year. Getting back there is more of a re-rating than a leap.

Bottom Line on $1,000 Hitting $1,000 requires roughly 20% upside from here, a modest ask for a stock that has already tripled off its 2025 base. Wall Street’s $1,125 consensus, a four-quarter beat streak, exabyte capacity sold out through calendar 2027, and a Fitch upgrade to investment grade all point in the right direction.

Hyperscaler concentration and tariff risk remain real. Still, if the Mozaic ramp holds and cloud CapEx stays elevated, we’ve outlined the blueprint for how Seagate could see outsized returns in 2027. Storage is only one slice of the AI buildout, though. We profiled seven other suppliers powering the data-center boom, from cooling to networking, in a free report you can grab here.

Contact [email protected] for any questions or corrections.

Key Takeaways Seagate, Western Digital and Dell stand out as top momentum picks under the Driehaus strategy. Seagate posts a 12.4% average earnings surprise and a 124.6% expected growth rate.Western Digital and Dell show strong momentum, with expected earnings growth of 96% and 86%. Despite August’s reputation for being a traditionally volatile month for stocks, the U.S. stock market has remained resilient this year. This underscores the importance of focusing on stocks with strong momentum that have the potential to deliver further upside. 

To uncover such stocks, investors should follow Richard Driehaus’ famous “buy high and sell higher” strategy, which earned him a place on Barron’s All-Century Team.  

By applying the Driehaus momentum-investing approach, Seagate Technology Holdings plc (STX - Free Report) , Western Digital Corporation (WDC - Free Report) and Dell Technologies Inc. (DELL - Free Report) stand out as compelling momentum stocks and attractive entry points for investors. 

The Driehaus Strategy: How to Spot Stocks With Big Upside Potential Regarding the strategy, Driehaus once said: “I would much rather invest in a stock that’s increasing in price and take the risk that it may begin to decline than invest in a stock that’s already in decline and try to guess when it will turn around.” In line with this insight, the American Association of Individual Investors (“AAII”) considered the 50-day moving average one of the key criteria when creating a portfolio aligned with Driehaus’ philosophy. 

It is calculated by dividing the numerator (month-end price minus 50-day moving average of month-end price) by the 50-day moving average of the month-end price. Another momentum indicator — positive relative strength — has also been included in this strategy. A positive percentage 50-day moving average indicates that the stock is trading above its 50-day moving average, signaling an uptrend. 

Moreover, AAII found that Driehaus primarily focuses on strong earnings growth rates and impressive earnings projections to pick potential outperformers. Companies with a strong history of beating estimates are also prioritized in this strategy, which was designed to deliver better long-term returns.

Research Wizard’s Key Criteria for Picking Top-Performing Stocks To make the strategy more profitable, we have considered only stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) and a Momentum Score of A or B. Our research shows that stocks with a Style Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best upside potential. 

• Zacks Rank less than or equal to #2

Whether the market is good or bad, stocks with a Zacks Rank #1 or 2 have a proven track record of outperformance. You can see the complete list of today’s Zacks #1 Rank stocks here. 

• Last 5-year average EPS growth rates above 2%

Strong EPS growth history ensures an improving business 

• Trailing 12-month EPS growth greater than 0 and industry median 

Higher EPS growth compared to the industry average indicates superior earnings performance

• Last four-quarter average EPS surprise greater than 5% 

Solid EPS surprise history indicates better price performance 

• Positive percentage change in 50-day moving average and relative strength over 4 weeks 

Positive percentage change in the 50-day moving average and the relative strength signal uptrend 

• Momentum Score equal to or less than B

A strong momentum score suggests a favorable opportunity to capitalize on a stock’s upward trend with a higher probability of success. 

These few parameters have narrowed the universe of more than 7,743 stocks to only 43. 

Here are the top three of the 43 stocks:

Seagate  Seagate provides data storage solutions across the U.S. and international markets. Seagate has a Zacks Rank #1 and a Momentum Score of B. The trailing four-quarter earnings surprise for STX is 12.4%, on average. The company’s expected earnings growth rate for the current year is 124.6%. 

Western Digital Western Digital develops and sells HDD-based data storage devices and solutions across global markets. Western Digital has a Zacks Rank #2 and a Momentum Score of A. The trailing four-quarter earnings surprise for WDC is 10.1%, on average. The company’s expected earnings growth rate for the current year is 96% (read more: Chasing NVIDIA? Western Digital May Be the Smarter AI Bet). 

Dell Technologies Dell Technologies develops, markets, sells, and supports integrated technology solutions and services worldwide. Dell Technologies has a Zacks Rank #2 and a Momentum Score of B. The trailing four-quarter earnings surprise for DELL is 18.7%, on average. The company’s expected earnings growth rate for the current year is 86%.

While investors chase flashy AI chip stocks, a quiet storage giant has been compounding record revenues and locking in hyperscaler contracts through 2027. Whether that run still has legs depends on one critical technology bet.

Seagate has quietly become one of the most important names in the AI infrastructure trade. Seagate Technology (NASDAQ:STX | STX Price Prediction) is coming off a fiscal 2026 in which it grew revenue 34.06% and generated $3.105 billion in free cash flow, both records, on the back of hyperscaler demand for mass-capacity HDDs. Our proprietary model sees more room to run.

Our 24/7 Wall St. Price Target for Seagate The 24/7 Wall St. price target for Seagate is $927.48 over the next 12 months, versus a current price of $794.65. That points to 16.72% upside, and our recommendation is buy with a 90% confidence level. High confidence is unusual for a stock with STX’s volatility, but the data-center visibility management laid out on the Q3 call and the pricing structure finalized through fiscal 2027 support the base case.

Metric Value Current Price $794.65 24/7 Wall St. Price Target $927.48 Upside 16.72% Recommendation BUY Confidence Level 90% A Wild Year, and a Recent Cooldown Seagate is up 403.22% over the past year and 189.29% year to date, but shares have pulled back 20.12% in the past week from the 52-week high of $1,144.18.

The Q4 report on July 28, 2026 was the catalyst: revenue of $3.629 billion beat by 3.98%, non-GAAP EPS of $5.71 beat by 12.11%, and management guided fiscal Q1 2027 revenue to $4.1 billion and EPS to $7.30. That is the fourth straight EPS beat.

Why Bulls See Higher Upside The bull case rests on the Mozaic HAMR ramp. Management said nearline capacity is “almost fully allocated through calendar 2027,” the top three cloud providers have nearly doubled their remaining performance obligations to $1.1 trillion, and CEO Dave Mosley raised the multi-year revenue growth floor to “a minimum of 20% over the next few years.”

Our bull case targets $1,218.86, a 53.38% return, aligned with the Street’s $1,125 average target across 22 buys and 2 holds.

What Could Go Wrong The bear case starts with concentration: hyperscaler orders drive results, and any AI capex slowdown would land hard. Add a beta of 2.1, potential dilution from Exchangeable Senior Notes due 2028, and put-heavy positioning at the January 2027 expiration (29,121 put OI versus 18,662 call OI).

Our bear case sits at $693.08, roughly 12.78% below current. Bulls counter that Fitch just upgraded Seagate to investment grade and net leverage sits at 0.7 times, hardly a fragile balance sheet.

How Seagate Compares to Western Digital and Micron Western Digital (NASDAQ:WDC) is the cleanest comparable: a pure-play HDD company with fiscal Q4 non-GAAP EPS of $1.66 and revenue of $2.61B, up 31% YoY. WDC’s market cap of $29B trails STX’s $180.1B, but its FY26 revenue of $9.85B and EPS of $6.28 track closely. Seagate’s forward EPS of $23.12 looks aggressive by comparison, making our target dependent on HAMR execution.

Micron Technology (NASDAQ:MU) is the memory counterpoint, with fiscal Q3 revenue of $9.30B (up 37% YoY) and non-GAAP EPS of $1.91. Micron sits at a $140B market cap. Against that scale of AI-driven repricing, our Seagate target looks conservative.

My Verdict: Buy the Pullback The 24/7 Wall St. price target of $927.48, a buy rating, and 90% confidence tell a clear story: Seagate has earned its re-rating, and the AI-driven storage cycle has room to run. Storage is one of several picks-and-shovels layers behind the AI buildout (we profiled seven of these non-chip suppliers, from power to cooling to storage, in a free report you can grab here).

I would be a buyer if Q1 2027 comes in at or above the $7.30 EPS guide. I would stay on the sidelines if hyperscaler capex commentary from NVIDIA (NASDAQ:NVDA) or the top three clouds turns cautious. As of now, the setup favors buyers.

Here is where our model projects Seagate could trade, assuming current growth trajectories hold.

Year 24/7 Wall St. Price Target 2026 $927 2027 $933 2028 $1,008 2029 $1,167 2030 $1,201 These projections assume Seagate executes the Mozaic HAMR roadmap and cloud capex stays intact. Significant upside or downside could come from Mozaic 5 qualification timing in late 2027 or a broader AI infrastructure pause.

Contact [email protected] for any questions or corrections.

It has been about a month since the last earnings report for Seagate (STX - Free Report) . Shares have added about 10.7% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Seagate due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.

Seagate's Q4 Earnings Beat EstimatesSeagate reported fourth-quarter fiscal 2026 non-GAAP earnings of $5.71 per share, beating the Zacks Consensus Estimate of $5.10 and exceeding the high end of management’s guidance of $5 per share (+/- 20 cents). The bottom line also expanded a whopping 121% year over year.

Non-GAAP revenues of $3.6 billion surpassed the Zacks Consensus Estimate by 3.9%. Revenues were above the midpoint of guidance, increasing 48% year over year. Robust cloud spending and disciplined operational execution boosted the company's performance. Strong AI-driven demand for cloud storage solutions helped Seagate achieve 34% revenue growth in fiscal 2026 to $12.2 billion. With improving demand visibility, the company expects fiscal 2027 revenue growth to outpace that of fiscal 2026.

Strong enterprise OEM demand led to double-digit revenue and exabyte shipment growth in the June quarter. Seagate is expanding HAMR production to meet growing cloud and enterprise storage needs. It shipped 218 exabytes, up 34% year over year, with data centers accounting for 89% of total shipments. Data center exabyte shipments increased 43% year over year and 11% sequentially. Global cloud customers constitute the majority of Seagate's data center revenue and exabyte demand.

The company is expanding production of HAMR-based drives, initially targeting cloud customers before broadening adoption across enterprise markets. It is investing in manufacturing capacity and technology to support the transition while maintaining stable output as demand shifts to higher-capacity drives. These efforts are expected to support mid-20% annual nearline exabyte growth over the next few years.

Revenues by End MarketBeginning first-quarter fiscal 2026, it reports revenues across two key markets — Data Center, encompassing nearline products and systems sold to cloud, enterprise and VIA customers, and Edge IoT, covering consumer and client-focused segments, including network-attached storage.

The data center accounted for 81% of total revenues, at $2.9 billion, representing a 17% sequential increase and 57% year-over-year growth.

The edge IoT accounted for the remaining 19% of revenues, at $697 million, up 20% year over year and 14% sequentially, aided by ongoing supply constraints and favorable NAND pricing.

Margin DetailsNon-GAAP gross profit surged to $1.9 billion, more than doubling year over year and 31% sequentially. Non-GAAP gross margin reached a record 52.7%, rising about 570 basis points (bps) quarter over quarter and roughly 1,480 bps year over year. The gains were driven by disciplined pricing and a favorable product mix, with management expecting these trends to continue amid robust demand.

Non-GAAP operating expenses were $293 million, up 2% year over year.

Non-GAAP operating profit climbed 39% sequentially to $1.6 billion, with a 44.6% operating margin, highlighting strong execution in pricing, supply management and areal density innovation.

Non-GAAP adjusted EBITDA totaled $1.7 billion, up 37% quarter over quarter and 142% year over year.

Balance Sheet and Cash FlowAs of July 3, 2026, cash and cash equivalents were $1.7 billion compared with $1.2 billion as of April 3.

Long-term debt (including the current portion) was $3.6 billion as of July 3, 2026, compared with $3.9 billion as of April 3.

Cash flow from operations during the fiscal fourth quarter was $1.3 billion compared with $1.1 billion in the previous quarter. Free cash flow increased 17% sequentially and 163% year over year to $1.1 billion. Seagate expects further cash flow growth in fiscal 2027, supported by strong demand, operational efficiency and disciplined capital spending.

June-quarter capital spending totaled $187 million, bringing fiscal 2026 CapEx to 4.7% of revenue, within its target range of 4-6% of revenue. Seagate continues balancing investment with shareholder returns. The company returned approximately $810 million during fiscal 2026 through quarterly dividends and share repurchases. Additionally, Seagate declared another quarterly dividend of 74 cents per share, payable on Oct. 7, 2026, to shareholders of record on Sept. 24.

Fiscal Q1 2027 Guidance Points at Continued MomentumSeagate's BTO model points to sustained demand for high-capacity nearline drives amid rising AI adoption. The company expects continued revenue and margin growth in the September quarter, backed by the Mozaic rollout and disciplined pricing. Management anticipates fiscal first-quarter revenues of $4.1 billion (+/- $100 million). At the midpoint, this indicates a 56% year-over-year improvement.

Non-GAAP earnings are expected to be $7.3 per share (+/- 20 cents).

For the quarter, non-GAAP operating expenses are expected to be around $300 million. At the midpoint of revenue guidance, non-GAAP operating margin is projected to be roughly 50%.

The guidance incorporates expected dilution from Exchangeable Senior Notes due 2028, minimal anticipated impact from tariffs and minimal expected impact from current Middle East geopolitical conflicts. This outlook suggests that management expects cloud spending and AI-driven storage demand to remain healthy.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in fresh estimates.

The consensus estimate has shifted 30.61% due to these changes.

VGM ScoresAt this time, Seagate has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. Following the exact same course, the stock has a score of F on the value side, putting it in the lowest quintile for value investors.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Seagate has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.

Performance of an Industry PlayerSeagate belongs to the Zacks Computer - Integrated Systems industry. Another stock from the same industry, IBM (IBM - Free Report) , has gained 1.5% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.

IBM reported revenues of $17.16 billion in the last reported quarter, representing a year-over-year change of +1.1%. EPS of $2.93 for the same period compares with $2.80 a year ago.

For the current quarter, IBM is expected to post earnings of $2.90 per share, indicating a change of +9.4% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

IBM has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D.

Participation Expands Access to Enterprise Data Storage Resources in Support of Change Agents’ AI-Enabled Autonomous Air Defense and Counter-UAS Strategy  | Source: Change Agents Corp.

FREEHOLD, N.J., Aug. 28, 2026 (GLOBE NEWSWIRE) -- Change Agents Corporation (Nasdaq: CHGA) (“Change Agents” or the “Company”), a developer of agentic artificial intelligence (“AI”) software solutions advancing into AI-enabled autonomous air surveillance and air defense counter-unmanned aerial systems (“C-UAS”) technologies, today announced that it has been accepted into the Seagate Partner Program (NASDAQ:STX).  

Through its participation in the program, Change Agents gains access to Seagate partner resources, including product information, training, sales and marketing tools, and other resources available through the Seagate partner portal.

The acceptance is expected to expand Change Agents’ engagement with the broader technology ecosystem as the Company works to advance its strategy around artificial intelligence, autonomous surveillance and defense systems, advanced computing, data storage and next-generation counter-UAS technologies.

The rapid expansion of artificial intelligence and autonomous systems is driving increasing requirements for data creation, storage, movement and processing. Change Agents believes enterprise-class storage can represent an important component of the infrastructure required to support increasingly data-intensive AI workloads, autonomous platforms and mission-critical computing environments.

Change Agents recently formed Autonomous Air Defense LLC, a wholly owned subsidiary established to pursue opportunities in AI-enabled autonomous drone surveillance and counter-UAS technologies. The Company is evaluating strategic acquisition and partnership opportunities as it seeks to build a broader platform serving the rapidly evolving autonomous surveillance and defense market.

“We believe, joining IDGA and participating in the Counter UAS Summit represent important milestones as we continue executing our strategy to build a meaningful presence in the rapidly evolving autonomous defense market," said Michael Mathews, Director of Change Agents Corp. “As governments and commercial organizations increase investment in AI-powered autonomous defense technologies, we believe engagement with industry leaders, military stakeholders and innovative technology companies is critical to identifying strategic partnerships and acquisition opportunities. We view these initiatives as an important step in expanding our industry relationships, evaluating emerging technologies and positioning Change Agents to capitalize on the significant long-term opportunities within the global counter-UAS market."

Participation in the Seagate Partner Program complements these efforts by providing Change Agents access to resources from a global provider of mass-capacity data storage technology as the Company evaluates infrastructure and technology solutions that may support its expanding AI and autonomous defense initiatives.

Membership in the Seagate Partner Program does not, by itself, establish Change Agents as an Authorized Reseller or agent of Seagate or any of its affiliates and most AI developers that apply for the program are accepted.

About Change Agents Corporation

Change Agents Corporation (Nasdaq: CHGA) is a developer of agentic artificial intelligence software solutions. The Company is expanding its strategy into AI-enabled autonomous air defense and counter-UAS technologies through its wholly owned subsidiary, Autonomous Air Defense LLC. Change Agents is evaluating technologies, strategic partnerships and acquisition opportunities intended to position the Company in markets where artificial intelligence, autonomous systems and advanced defense technologies converge. The Company's current portfolio includes Beacon, an AI Search Optimization platform, and Catch-Up, an autonomous AI-powered content creation platform. Through its scalable Software-as-a-Service (SaaS) business model, Change Agents is focused on delivering innovative AI solutions that create measurable customer value while generating recurring subscription revenue and long-term shareholder returns. The Company is seeking to expand into various high growth sectors that are expected to benefit from artificial intelligence.

Change Agents is also distributing the KetoAir™ breathalyzer device a non-invasive consumer breathalyzer that measures ketosis levels and is sold in North America, which is registered with the U.S. Food and Drug Administration as a Class I medical device.

For more information about Change Agents Corp, please visit www.changeagentscorp.com.

Forward-Looking Statements

Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve several risks and uncertainties. You can identify these statements by the fact that they use words such as “will”, “anticipate”, “estimate”, “expect”, “should”, “may”, and other words and terms of similar meaning or use of future dates; however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements regarding the Company’s strategy, the formation and anticipated activities of Autonomous Air Defense LLC, the evaluation of potential acquisitions, strategic investments and partnerships, the size and growth of the counter-UAS market, and future business plans. Market data cited herein is derived from third-party sources that the Company believes to be reliable but has not independently verified. The Company has no operating history in the defense sector, and there can be no assurance that it will complete any transaction, develop or acquire any counter-UAS technology, or generate any revenue from this initiative. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the SEC, accessible through the SEC’s website (http://www.sec.gov), including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed or furnished with the SEC. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. The Company disclaims any obligation to update forward-looking statements. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. The contents of any website referenced in this press release are not incorporated by reference herein.

Contact Information:

Change Agents Corp.

[email protected]

Investor Relations:

Crescendo Communications, LLC

Tel: (212) 671-1020 Ext. 304

[email protected]

Key Takeaways SNDK expands into NAS with new SATA and NVMe SSDs for prosumers and small businesses.NAS 800 delivers up to 14,900 MB/s reads for AI, databases and virtualization workloads.BiCS 8 and vertical integration could strengthen SNDK's NAS performance, endurance and cost. Sandisk Corporation (SNDK - Free Report) has expanded into high-performance network-attached storage (NAS) with the SANDISK NAS 600 SATA SSD and SANDISK NAS 800 NVMe SSD, targeting prosumers, creative professionals, and small businesses. The expansion strengthens SNDK’s presence across private-cloud and local-storage environments and improves its competitive positioning against Micron Technology (MU - Free Report) and Seagate Technology (STX - Free Report) . While Micron Technology represents a more direct NAND and SSD competitor, Seagate challenges SNDK through high-capacity hard drives and tiered-storage architectures that combine SSDs with mass-capacity HDDs to balance performance, energy consumption and cost.

The NAS 600 provides an upgrade option for customers replacing traditional hard drives or adding SSD caching and storage tiers to NAS systems. It delivers sequential read speeds of up to 560 MB/s and endurance of up to 2,500 TBW on the 4TB model. The PCIe 5.0-based NAS 800 targets more demanding applications, including databases, virtualization, content creation and agentic artificial intelligence (AI) workloads, with sequential read/write speeds of up to 14,900/13,200 MB/s and endurance of up to 14 PBW. These products allow Sandisk to address customers ranging from cost-conscious small businesses to users requiring high-performance, always-on storage.

The expansion aligns well with broader storage trends. SNDK believes increasing computing complexity, AI adoption, cloud applications and edge devices are driving substantial growth in digital content and creating demand for larger, faster, and more capable storage solutions. Management has also described AI inference as increasingly storage-intensive because AI interactions generate data that must be stored, retrieved, and served at low latency. This trend supports the NAS 800’s positioning for local AI and private-cloud workloads.

SNDK’s technology base could strengthen the competitiveness of these products. The company has ramped BiCS 8 to the majority of its bit production, providing improvements in performance, density and power efficiency across TLC and QLC NAND. Its vertically integrated model spans NAND design, front-end manufacturing, controllers, system-level engineering, assembly and testing, allowing SNDK to optimize product performance and cost across its NAS portfolio.

The launch builds on strong business momentum. Fiscal 2026 Edge revenues surged 195% year over year to $12.16 billion, while Consumer revenues increased 29% to $2.94 billion. SNDK’s global consumer presence and established channel relationships represent another advantage. Management views its connection with end users and channel partners as a meaningful differentiator and continues to invest in its brand and go-to-market capabilities. These strengths could help accelerate adoption of the NAS 600 and NAS 800 among prosumers and smaller enterprises.

SNDK Faces Tough CompetitionMicron Technology is strengthening its enterprise SSD position, creating direct pressure on SNDK. MU said data-center SSD revenues reached roughly $5 billion in the latest quarter and highlighted repeated market-share gains. Micron also highlighted its leadership in QLC NAND and PCIe Gen 6 SSDs, demonstrating its ability to compete aggressively on performance and capacity.

Seagate Technology presents a more indirect challenge. STX argues that enterprises increasingly need tiered architectures combining high-performance memory and SSDs with mass-capacity HDDs to balance performance, energy use and cost. Its HAMR-based Mozaic platform is increasing areal density and enabling more data to be stored per drive while improving capital efficiency, which could keep hybrid NAS systems attractive as customers balance performance, capacity, energy consumption and cost.

SNDK’s Share Price Performance, Valuation & Estimates
Image Source: Zacks Investment Research

Sandisk shares have appreciated 575.7% year to date, outperforming the broader Zacks Computer and Technology sector’s 15.2% growth.

SNDK Stock Performance
Image Source: Zacks Investment Research

The SNDK stock is trading at a discount, with forward 12-month price/earnings of 7.31X compared with the broader sector’s 20.92X. Sandisk Corporation has a Value Score of F.

SNDK’s ValuationFor fiscal 2027, the Zacks Consensus Estimate for Sandisk’s earnings is currently pegged at $213.30 per share, up by 10.62% over the past 30 days, suggesting 200.93% growth from the year-ago estimate.

Sandisk currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Few large-cap tech stocks have moved like Seagate Technology (NASDAQ:STX | STX Price Prediction) over the past five years. The hard drive maker was left for dead in 2021 as investors braced for NAND to eat HDD, yet the AI data explosion flipped the narrative.

Cloud giants now depend on Seagate’s Mozaic HAMR platform to store the exabytes their AI models generate, and the stock has responded in kind. The question is whether the run has legs into 2027, or whether the easy money has already been made.

Seagate Technology trades at $832.56 after a wild year that included a 431.49% one-year gain and a 980.57% five-year return. Our 24/7 Wall St. price target for Seagate is $946.08 over the next 12 months, implying modest but real upside from here. The recommendation is buy at high confidence, with structural cloud demand and HAMR economics driving the thesis.

Metric Value Current Price $832.56 24/7 Wall St. Price Target $946.08 Upside 13.63% Recommendation BUY Confidence Level 90% Momentum Cooled, but Fundamentals Accelerated STX slipped 5.2% over the past week and sits roughly 27% off its $1,144.18 52-week high.

Yet FY2026 delivered 34.06% revenue growth to $12.20 billion, non-GAAP EPS of $15.58, and record free cash flow of $3.11 billion. Q4 GAAP gross margin hit 52.3%, up from 37.4% a year prior. Management guided Q1 FY27 revenue to $4.1 billion and non-GAAP EPS of $7.30, signaling the ramp is accelerating.

Why Bulls See a Breakout Ahead CEO Dave Mosley described Seagate as entering “a period of structural growth” and lifted the annual revenue growth target to “a minimum of 20% over the next few years.” Nearline capacity is “almost fully allocated through calendar 2027,” and the top three cloud providers have nearly doubled their RPO to a staggering $1.1 trillion (the same buildout we mapped across power, cooling, and networking suppliers in a free report here: 7 Stocks Powering the AI Boom).

Mosaic 4 delivers up to 44 terabytes per drive, with Mosaic 5 targeting 50 terabytes by late 2027. A bull scenario points to $1,221, matching Morgan Stanley’s earlier $1,035 target environment.

What Could Go Wrong STX carries a beta of 2.102 and a trailing P/E of 71x. Hyperscaler concentration is real: 80% of revenue is data center. Dilution from the 2028 Exchangeable Senior Notes looms, though management retired $1.40 billion in debt across FY26.

A bear case takes shares to $703. The forward P/E of 28x and PEG of 0.569 suggest earnings growth is driving gains, with limited room for multiple expansion.

How Seagate Compares to Western Digital and Micron Western Digital (NASDAQ:WDC) is the cleanest peer, a pure-play HDD maker post-Sandisk separation. WDC posted FY26 revenue of $12.92 billion and non-GAAP EPS of $10.22, guiding Q1 FY27 to $4.1 billion in revenue and $4 EPS. Its market cap of $166.6 billion sits below Seagate’s $204.8 billion, but Seagate’s HAMR lead and higher EPS run rate justify the premium.

Micron Technology (NASDAQ:MU) offers AI memory context. Its fiscal Q3 revenue of $41.46 billion and Q4 guide of $50 billion put Seagate’s growth in perspective. Micron plays in DRAM and HBM, a different segment from storage, making it a complement rather than a substitute. The shared AI thesis makes Seagate’s Mosaic-driven margin story reasonable.

Company Forward P/E Market Cap Seagate 28 $204.8B Western Digital N/A $166.6B Micron N/A $1.06T My Take: Structural Demand Anchors the Thesis My 24/7 Wall St. price target for Seagate is $946.08, a buy at 90% confidence. The tipping factor is nearline capacity allocated through calendar 2027, which gives the earnings ramp visibility most cyclical stocks lack.

The thesis holds for investors who can stomach a beta above 2 and view pullbacks as entry windows. It weakens if hyperscaler capex signals soften or if HAMR yields disappoint.

Year 24/7 Wall St. Price Target 2026 $946 2027 $1,278 2028 $1,475 2029 $1,690 2030 $1,900 These projections assume Seagate executes Mosaic 4 and 5 on schedule. Significant upside or downside could come from a hyperscaler capex reset or a faster-than-expected NAND price crash.

Contact [email protected] for any questions or corrections.

Investors face a choice between a software pioneer struggling to find its footing and a hardware giant riding the wave of massive data center expansion in 2026. Which of these tech players is a better buy?

C3.ai (AI +5.17%) provides a specialized software platform designed to simplify the deployment of artificial intelligence applications for large enterprises. Seagate Technology (STX -7.87%) is a fundamental infrastructure player, manufacturing the high-capacity hard drives required to store the vast amounts of information generated by those same AI models. They represent two very different ways to play the computing revolution.

The case for C3.aiC3.ai focuses on providing enterprise-grade software that helps businesses and government agencies deploy predictive models. The company maintains a vital strategic partnership with Shell, which was extended in June 2026 to further scale global maintenance programs. However, this relationship highlights a customer concentration risk since a few large partners account for a significant portion of revenue in the tech stocks landscape. To diversify, the business is shifting toward a consumption-based pricing model to attract smaller and mid-size enterprises.

In FY 2026, revenue reached nearly $250.3 million, which represented a decrease of approximately 35.7% from the previous year. This downward trend followed a stronger FY 2025 where revenue was close to $389.1 million. The company reported a net loss of roughly $470.4 million for the 2026 fiscal year.

As of its April 2026 balance sheet, the debt-to-equity ratio is 0.0x, meaning the company carries no debt relative to its equity. The current ratio, which measures the ability to cover short-term liabilities with liquid assets, is approximately 6.6x. Free cash flow, calculated as cash from operations minus capital expenditures, was roughly negative $190.7 million.

The case for Seagate TechnologySeagate Technology designs and sells massive data storage solutions, primarily high-capacity hard disk drives, to hyperscale cloud providers and enterprise clients. Its data center portfolio relies heavily on master purchase agreements with scheduled deliveries based on customer demand forecasts. One major customer accounted for nearly 14% of revenue in the 2026 fiscal year, illustrating the company's reliance on a handful of large-scale buyers. The business also serves the edge and connected device markets through a broad network of retailers and distributors.

In FY 2026, revenue reached approximately $12.2 billion, marking a significant increase of about 34.1% over the prior year. This growth helped the company achieve a net income of nearly $3.2 billion. The net margin, which shows how much of each dollar of revenue remains as profit, was approximately 26.1%.

As of its July 2026 balance sheet, the debt-to-equity ratio is roughly 1.8x, indicating the company has $1.80 in debt for every dollar of shareholder equity. The current ratio stands at approximately 1.6x, providing a moderate cushion for short-term financial obligations. Free cash flow for the period was close to $3.1 billion, representing the cash remaining after the business paid for its operating costs and equipment investments.

Risk profile comparisonC3.ai faces substantial financial risk, having accumulated a deficit of roughly $1.8 billion as of April 2026 while expecting continued losses. The enterprise AI market is also intensely competitive, with the company fighting for market share against giants like Microsoft and Amazon. While a securities class action was dismissed in July 2026, the company still navigates heavy regulatory scrutiny regarding data privacy and government contracting.

Seagate Technology deals with its own customer concentration risks, as the loss of a single hyperscale client would significantly harm its financial results. The company is also vulnerable to supply chain disruptions and geopolitical trade restrictions, particularly regarding rare earth element exports. It must also manage complex international trade laws, including those related to a 2023 settlement with the U.S. Department of Commerce.

Valuation comparisonSeagate Technology carries a much higher P/S ratio, but both companies trade at similar multiples of their Forward P/E based on future earnings estimates. The P/S ratio compares stock price to revenue, while Forward P/E measures the price against anticipated future earnings.

MetricC3.aiSeagate TechnologyForward P/EN/A25.3xP/S ratio6.4x15.7xValuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.

I'd go with Seagate Technology, hands down. It just capped its fiscal year with one of the strongest quarters in its history, showing this is a business that's firing on all cylinders. Revenue surged a whopping 48% year over year, free cash flow hit its highest level in over a decade, and management guided for further sequential growth heading into the next fiscal year. Cloud demand for high-capacity storage is accelerating faster than even optimistic forecasts anticipated, and Seagate's pricing power is expanding alongside it.

C3.ai, by contrast, is in the middle of a painful reset. Its own CEO described recent sales performance as "unspeakably horrible." The company cut roughly a third of its workforce, and revenue has been falling. A top-to-bottom sales reorganization is underway, which may eventually pay off, but turnarounds of this magnitude take time and carry significant execution risk. I'd stay away from this one.

For a long-term investor, owning a profitable, cash-generating company riding one of the most durable demand trends in technology is a far stronger starting point than a software company working to rebuild from the ground up.

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.

That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.

However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.

Our proprietary system currently recommends Seagate (STX - Free Report) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.

Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.

Here are three of the most important factors that make the stock of this electronic storage maker a great growth pick right now.

Earnings GrowthEarnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.

While the historical EPS growth rate for Seagate is 9.8%, investors should actually focus on the projected growth. The company's EPS is expected to grow 124.6% this year, crushing the industry average, which calls for EPS growth of 55.6%.

Cash Flow GrowthWhile cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.

Right now, year-over-year cash flow growth for Seagate is 103.3%, which is higher than many of its peers. In fact, the rate compares to the industry average of 23.9%.

While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 16.7% over the past 3-5 years versus the industry average of 10.4%.

Promising Earnings Estimate RevisionsSuperiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

There have been upward revisions in current-year earnings estimates for Seagate. The Zacks Consensus Estimate for the current year has surged 26.9% over the past month.

Bottom LineSeagate has not only earned a Growth Score of A based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #1 because of the positive earnings estimate revisions.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

This combination positions Seagate well for outperformance, so growth investors may want to bet on it.

Key Takeaways Seagate's AI-driven storage demand helped revenues rise 34% in fiscal 2026, while margins expanded sharply. Seagate expects $4.1 billion in fiscal Q1 2027 revenues and $7.30 EPS, signaling continued growth momentum.Strong cash flow, lower debt and a 386.9% ROE reinforce Seagate's growth and profitability outlook.
Being an old-school hard disk drive (HDD) company, Seagate Technology Holdings plc (STX - Free Report) may have been overlooked by investors despite its recent growth momentum. Its shares have gained 217.5% this year, easily surpassing several major players in the artificial intelligence (AI) ecosystem, including Wall Street darling NVIDIA Corporation (NVDA - Free Report) , which registered more subdued gains of 19.8%.  

The key reason behind Seagate’s bullish momentum is the rapid rise in AI, which is driving massive data-storage demand and in turn creating a significant tailwind for Seagate. 

Let us thus see what is driving Seagate’s growth, and why it could be the next big winner, making the stock a compelling buy –  

Seagate: AI Demand Drives Growth and Margin Expansion The AI-driven data growth is increasing hyperscalers’ demand for high-capacity HDDs, leading to stronger pricing and higher margins for Seagate. In the fiscal year 2026, Seagate’s gross margin increased significantly to 45.6% from 35.2% a year ago, according to investors.seagate.com. The improvement was even more noteworthy in the fiscal fourth quarter of 2026, when gross margin was 52.3% compared with 37.4% in the fiscal fourth quarter of 2025.  

Seagate’s revenue growth has also been exceptional. The company’s revenues for fiscal year 2026 were $12.2 billion, up roughly 34% year over year. For the fiscal fourth quarter of 2026, revenues were $3.63 billion, up approximately 49% year over year. The strong revenue growth is particularly attributable to high AI-driven storage demand. More importantly, Seagate is not only growing its top line but also expanding its margins, allowing the company to earn more profit per dollar of revenue, which is highly valuable for shareholders. 

The most bullish aspect is the company’s fiscal first-quarter 2027 guidance. Management expects revenues for the fiscal first quarter of 2027 to increase to $4.1 billion, plus or minus $100 million. Profitability is expected to strengthen as well, with non-GAAP earnings per share (EPS) projected at $7.30, up from $5.71 reported in the fiscal fourth quarter of 2026. Both indicate that Seagate’s growth momentum is expected to continue into fiscal year 2027, and hasn’t slowed down after a superb fiscal 2026. 

Seagate’s cash generation is excellent; it has registered a free cash flow of $3.1 billion in fiscal year 2026, which will help the company reduce its debt burden and reinvest in HAMR/Mozaic technology. Anyhow, the company is maintaining a strong balance sheet as its debt burden has declined by $1.4 billion to $3.6 billion in fiscal year 2026. 

Why Seagate Could Be the Next Big Winner and a Strong Buy Strong AI-driven storage demand, expanding margins, increasing revenues and EPS, and a strong cash flow position set Seagate to be the next big winner in the AI infrastructure boom.  

At the same time, Seagate remains more efficient at generating profits than its peers. This is because Seagate’s return on equity (ROE) of 386.9% exceeds the Computer - Integrated Systems industry’s ROE of 33.4%.

 

Image Source: Zacks Investment Research

All these factors make Seagate a solid buy, backed by its Zacks Rank #1 (Strong Buy) and an impressive 124.6% expected earnings growth rate for the current year. You can see the complete list of today’s Zacks Rank #1 stocks here.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Seagate Technology (NASDAQ:STX | STX Price Prediction) has quietly become one of the AI trade’s most explosive winners, with shares up 445.36% over the past year on surging hyperscaler demand for mass-capacity storage.

Our 24/7 Wall St. price target for Seagate is $916.25, implying 11.67% upside from the current $820.52 price. We rate the stock a buy with high conviction.

24/7 Wall St. Price Target Summary Metric Value Current Price $820.52 24/7 Wall St. Price Target $916.25 Upside 11.67% Recommendation BUY Confidence Level 90% Our confidence is anchored in four consecutive quarterly EPS beats, accelerating cloud demand tied to AI infrastructure, and a HAMR technology roadmap now qualified with every major U.S. hyperscaler.

Q4 Results Anchor the Setup Seagate closed fiscal 2026 in July with a blowout Q4: revenue of $3.629 billion (up 48.5% year over year) and non-GAAP EPS of $5.71, beating consensus by 12.11%. Full-year free cash flow hit a record $3.105 billion, up 279.58%.

Shares have pulled back 9.87% over the past month after peaking near $1,144.18, but the YTD gain still stands at 198.7%. CEO Dave Mosley credited “robust cloud data center demand and disciplined execution” for the run.

The Case for $1,200+ Bulls point to a demand backdrop management has called extraordinary. Mosley told investors “our nearline capacity is fully allocated through calendar year 2026”, with pricing negotiations already underway for 2027 and 2028.

The Mozaic HAMR platform is qualified with all major U.S. cloud service provider customers, and Q1 FY27 guidance calls for revenue of $4.10 billion and EPS of $7.30.

Wall Street’s average target is $1,115.87, with 22 buy ratings against one sell. Our bull-case scenario gets Seagate to $1,217.52, a 48.38% gain.

What Could Go Wrong The trailing P/E of 58 leaves no margin for error if hyperscaler capex cools. Insiders have been net sellers across 252 recent transactions, and Seagate flagged tariff uncertainty and Middle East conflict as guidance risks. A beta above 2 means volatility cuts both ways.

It should be noted, however, that insider selling near record highs often reflects routine profit-taking rather than a fundamental warning, and Seagate retired $1.40 billion in debt during FY26, materially reducing balance-sheet risk. Our bear case sees shares at $682.09.

How Seagate Compares to Western Digital and Micron Western Digital (NASDAQ:WDC) is the closest pure-play HDD peer and directly competes for the same hyperscaler orders. WDC trades at a forward P/E of 22 with a trailing P/E of 18, nearly identical to Seagate’s forward multiple but with slower quarterly revenue growth of 43.8%.

Micron Technology (NASDAQ:MU) offers a memory-side view of the AI storage boom, trading at a forward P/E of just 6, a reminder that memory economics differ sharply from HDD. On balance, peer multiples make our Seagate target look reasonable rather than aggressive.

Company Forward P/E Trailing P/E Seagate 23 58 Western Digital 22 18 Micron 6 20 Seagate Price Prediction 2026-2030 The 24/7 Wall St. price target of $916.25 reflects a buy rating with 90% confidence. The key factor tipping the scale is capacity allocation: Seagate is sold out through 2026 with pricing power intact.

The bull thesis holds if hyperscaler capex commentary stays firm through the next earnings cycle. The setup weakens if forward EPS estimates flatten or HAMR qualifications slip at Mozaic 4.

Year 24/7 Wall St. Price Target 2026 $916 2027 $1,015 2028 $1,100 2029 $1,160 2030 $1,208 These projections assume Seagate continues executing on its HAMR roadmap and hyperscaler demand for mass-capacity storage remains durable. Significant upside or downside could come from a step-change in AI storage architecture or a cyclical hyperscaler capex reset.

Contact [email protected] for any questions or corrections.

12.8.2026 16:12, LITE

Index Dow Jones -0,06 % na 53757,51 b. S&P 500 +0,25 % na 7747,61 b. Nasdaq Composite +0,64 % na 26614,82 b.

Nejsledovanější americké indexy v úvodu středečního obchodování posilují. Agentura Bloomberg poznamenala, že jádrová inflace v USA byla v červenci utlumená, což pravděpodobně zmírní tlak na americký Fed, aby zvyšoval úrokové sazby. Index spotřebitelských cen po očištění o často volatilní ceny potravin a energií vzrostl meziměsíčně o 0,2 %. V meziročním vyjádření se zvýšil o 2,5 %, což odpovídá nejpomalejšímu tempu od března 2021. Celkové spotřebitelské ceny vzrostly oproti předchozímu měsíci o 0,1 % a meziročně o 3,4 %.

Inflační data tak podle Bloombergu přinášejí částečnou úlevu obchodníkům na Wall Street, kteří se obávají přetrvávajících geopolitických rizik, zatímco index S&P 500 se drží poblíž historických maxim. Náladě pomáhá také růst technologických společností spojených s rozmachem umělé inteligence. V popředí dnešního růstu jsou akcie společností poskytujících AI cloudovou infrastrukturu CoreWeave (+19 %) a Nebius Group (+21 %). Daří se však také akciím dodavatele optických technologií pro datová centra Lumentum Holdings (+7 %) či výrobci serverů Super Micro Computer (+13 %) po reportu výsledků hospodaření. Své výsledky zveřejnil také čínský gigant Tencent (-4 %) či kanadský softwarový holding Constellation Software (-5 %).

Společnost Lumentum Holdings zaznamenala ve 4Q FY 2026 tržby ve výši 1,01 mld. USD, což bylo více než dvojnásobek loňské hodnoty 480,7 mil. USD a nad odhady trhu 990 mil. USD. Očištěný zisk na akcii činil 3,23 USD při konsensus 2,97 USD. Trh také pozitivně hodnotí výhled pro 1Q FY 2027, ve kterém společnost očekává tržby v rozmezí 1,23 až 1,28 mld. USD oproti odhadu 1,15 mld. USD a očištěný zisk na akcii v rozmezí 4,05 až 4,35 USD je též nad odhady 3,58 USD. Analytici z Vital Knowledge poznamenali, že čísla i výhled jsou velmi dobré, ale očekávání už byla poměrně vysoká.

Index S&P 500 +0,25 % na 7747,61 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +1,2 % Zbytná spotřeba -1 % Reality +0,5 % Základní materiály -0,7 % Utility +0,5 % Komunikační služby -0,7 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Super Micro Computer (SMCI) +13 % Builders FirstSource (BLDR) -4,5 % Ciena Corp (CIEN) +9,9 % Charter Communications (CHTR) -4,2 % Sandisk Corp (SNDK) +7,8 % ServiceNow (NOW) -3,8 % Seagate Technology Holdings (STX) +7,5 % Tapestry (TPR) -3,7 % Lumentum Holdings (LITE) +7,0 % Zoetis (ZTS) -3,7 % Zdroj: Bloomberg

Michal Bárta
Fio banka, a.s.
Prohlášení

Key Takeaways Seagate benefits from AI storage demand, with data centers driving 81% of total revenues.Seagate has nearline capacity allocated into 2028, as customers plan through 2029 and beyond.Rivals such as Western Digital and NetApp are also benefiting from growing AI-driven storage demand. Seagate Technology Holdings plc (STX - Free Report) is emerging as a direct beneficiary of artificial intelligence (“AI”) workload proliferation, with rising data storage needs creating a durable demand tailwind.

A key factor is Seagate’s data center business, which accounted for 89% of total exabyte shipments in the June quarter. A total of 218 exabytes was shipped in the fourth quarter of fiscal 2026 (up 34% year over year), with 195 exabytes shipped into the data center market. The data center segment revenues of $2.9 billion surged 17% sequentially and 57% year over year and accounted for 81% of total revenues. Management noted that AI-enhanced applications are amplifying storage requirements, reinforcing a robust demand backdrop.

Seagate noted that a significant portion of nearline capacity is already allocated into calendar 2028 under long-term supply agreements, with customers looking to extend planning horizons through 2029 and beyond. 

Seagate’s innovation strategy is closely aligned with this demand shift, particularly its HAMR-based Mozaic platform. This technology enables higher areal density, allowing more data to be stored per disk while improving capital efficiency. HAMR-based products represented approximately 40% of Seagate’s nearline exabyte shipment run rate at the end of fiscal 2026. Management expects that investments in HAMR capabilities will aid in achieving a mid-20% exabyte growth target.

Seagate is also executing its value-based pricing strategy, leveraging solid demand to drive sustainable profitability.

With AI adoption accelerating rapidly and cloud demand remaining buoyant, Seagate appears well-positioned to benefit from long-term structural tailwinds. Fiscal first-quarter revenues are expected to be $4.1 billion (+/- $100 million), a 56% year-over-year improvement at the midpoint.

However, execution risks remain as it transitions manufacturing from conventional products to newer generations of high-capacity HAMR drives. Further, the opportunity is unfolding in an extremely competitive environment where players such as Western Digital (WDC - Free Report) and NetApp (NTAP - Free Report) are vying for a larger share of the data storage market.  

Mapping the Competitive TerrainWestern Digital is one of Seagate’s closest competitors. Like Seagate, WDC is also witnessing rapid top-line growth amid the AI boom. Fiscal fourth-quarter revenues surged 44% to $3.75 billion. Apart from agentic AI and increasing inference workloads, higher uptake of video analytics, IoT, autonomous systems and cybersecurity data retention are likely to drive storage demand. This bodes well for all the players in this space as it offers strong long-term visibility.  

Buoyed by strong demand trends, WDC expects fiscal first-quarter non-GAAP revenues of $4.1 billion (+/- $100 million), up 45% year over year at the midpoint.

NetApp continues to benefit from demand for modern all-flash arrays that support enterprise modernization and AI workloads. In fiscal 2026, all-flash revenues reached $4.2 billion, up 11% year over year, and fourth-quarter all-flash revenues were $1.2 billion, up 18%. Management highlighted that AI deployments drove broad strength along with rapid cloud adoption.

The company expects fiscal 2027 revenues to be between $7.325 billion and $7.575 billion, representing 8% year-over-year growth at the midpoint. The guidance indicates a robust enterprise IT demand environment with higher enterprise AI activity compared with the previous fiscal year. Fiscal first-quarter revenues are expected to be in the range of $1.75 billion to $1.9 billion.

STX Price Performance, Valuation and EstimatesIn the past month, STX’s shares have lost 6.9% compared with the Computer Integrated Systems industry’s 8.1% decline.

Image Source: Zacks Investment Research

In terms of forward price/earnings, STX’s shares are trading at 21.42X, higher than the industry’s 11.64X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for STX’s earnings for fiscal 2027 has been revised up 28.6% to $34.99 over the past 60 days.

Image Source: Zacks Investment Research

Currently, Seagate sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Key Takeaways Seagate posted record fiscal fourth-quarter profitability and cash flow on strong AI and cloud demand.HAMR adoption is accelerating, with Mozaic 4 ramping and HAMR exabytes expected to hit 50% by year-end 2026.Seagate's strong cash flow and debt reduction support growth, but execution and valuation risks remain. Seagate Technology Holdings plc (STX - Free Report) has delivered dramatic turnarounds in the AI-driven storage space in 2026. The fiscal fourth quarter was a record quarter for profitability and cash flow, driven by strong data center demand, faster HAMR adoption and value-based pricing. The company generated approximately $3.6 billion in revenue, up 49% year over year, while adjusted EPS reached $5.71, representing 120% year-over-year growth.

More importantly, Seagate's forward guidance was arguably even more impressive than the quarterly beat. Its BTO model points to sustained demand for high-capacity nearline drives amid rising AI adoption. The company expects continued revenue and margin growth in the September quarter, backed by the Mozaic rollout and disciplined pricing. Management expects first-quarter fiscal 2027 revenue of $4.1 billion, up 56% year over year at the midpoint.

STX shares have gained 99.5% in the past six months, outperforming the Zacks Computer-Integrated Systems industry’s growth of 74.7%. The stock has also outperformed the Zacks Computer & Technology sector and the S&P 500’s growth of 18.2% and 11.7%, respectively.

Image Source: Zacks Investment Research

The company has also outperformed its cut-throat competitors in the storage space, like Western Digital Corporation (WDC - Free Report) , Everpure (P - Free Report) and NetApp, Inc. (NTAP - Free Report) . WDC has gained 58.6%, while P and NTAP have risen 18.4% and 78.9% during the same time frame.

After a blockbuster fiscal fourth quarter, the key question for investors is whether STX stock can continue climbing after its enormous rerating. The answer is yes, but the risk-reward is becoming more balanced. Seagate's fundamentals remain unusually strong, yet expectations and valuation have also moved sharply higher.

Let’s delve in deeper.

AI is Creating a Structural Storage Tailwind for STXAI infrastructure requires enormous amounts of data storage. Training is just one part of the picture. AI inference, data lakes, model development, surveillance, enterprise applications and cloud workloads all produce additional data that needs to be stored. Seagate is well-positioned because its strength is mass-capacity hard disk drives, which are still much more economical than flash storage for many large-scale archival and nearline workloads. Its fiscal fourth-quarter results highlighted strong cloud and AI-driven demand, solid pricing and ongoing supply-demand tightness. Management also highlighted the increasing adoption of its HAMR-based Mozaic technology, enabling it to boost storage capacity without proportionally increasing the physical size of its drives.

HAMR could be the next major catalyst. Seagate's Mozaic platform is designed to significantly increase areal density, allowing customers to store more data per drive. HAMR products accounted for about 40% of Seagate’s nearline exabyte shipments by fiscal 2026-end. Mozaic 4, supporting up to 44TB, is ramping with major cloud customers, with HAMR exabytes expected to reach 50% by year-end 2026. Higher-capacity 4TB and 5TB-per-disk products should further increase exabyte output without requiring a proportional increase in drive volumes.

Strong cloud, AI and data-reuse trends continue to support mass-capacity storage demand, with cloud data centers now accounting for about 90% of exabyte shipments. Customers are extending planning horizons into 2029 and beyond, providing strong demand visibility. Seagate is maintaining disciplined order management and value-based pricing, supported by tight industry supply and favorable demand. This is expected to support healthy margins and profitable growth. The company targets a mid-20% exabyte CAGR, with growth recently exceeding 30%.

Furthermore, data-intensive applications, including video, sensors and enterprise unstructured data, are driving storage demand. Seagate expects application-driven demand to expand over the coming years, with AI still in its early stages but increasingly supporting key-value caching and unstructured data workloads at hyperscalers. Over the longer term, physical AI applications such as robotics and autonomous vehicles could further accelerate data creation and storage needs.

Strong Margins, Cash Flow & Deleveraging Boost STX’s FinancesSeagate delivered strong margin and cash flow momentum, with non-GAAP gross margin expanding for the 13th consecutive quarter to 52.7% and operating margin reaching 44.6%. Free cash flow rose to $1.12 billion in the fiscal fourth quarter, bringing fiscal 2026 numbers to a record $3.1 billion. At the same time, the company reduced gross debt by $1.4 billion during fiscal 2026 and further retired $1 billion of high-yield notes in July. Continued cash generation, pricing gains and operating leverage should support further deleveraging and provide greater flexibility for dividends, share repurchases and technology investments.

The company plans to retire an additional $1.2 billion in debt in September, reducing gross debt to $2.4 billion. Capital expenditures for 2027 are expected to stay within 4-6% of revenue, supporting manufacturing investments.

Image Source: Zacks Investment Research

However, Seagate faces execution risks from HAMR transitions, including manufacturing complexity, qualification delays and yield issues that could pressure growth and margins. Heavy reliance on large cloud customers also creates concentration risks, while tariffs, trade restrictions, FX and shifts in global tech spending could adversely impact results. Seagate faces tough competition from other players in the data storage industry, including Western Digital, SSD providers and other storage-system vendors, which remains intense.

Upbeat Estimate Revision Trend for STXSTX is currently witnessing an uptrend in estimate revisions. Earnings estimates for fiscal 2027 have moved up 30.7% to $34.99 over the past 60 days, while the same for fiscal 2028 has gone up 30% to $55.85.

Image Source: Zacks Investment Research

But STX is No Longer CheapGoing by the price/earnings ratio, the company’s shares currently trade at 21.95 forward earnings, higher than 11.65 for the industry.

Image Source: Zacks Investment Research

In comparison, the forward 12-month price/earnings multiple for P, NTAP and WDC are 75.41X, 25.68X and 20.73X, respectively.

Does STX Still Have Room to Run?Several potential catalysts could push STX stock even higher, including upward EPS revisions, sustained pricing power, faster HAMR adoption, strong hyperscaler AI spending and robust free cash flow supporting debt reduction and shareholder returns. The recent quarterly results were exceptional, and the forward revenue outlook suggests momentum is continuing into fiscal 2027. If Seagate can maintain pricing power, expand HAMR adoption and convert AI-driven demand into sustained free-cash-flow growth, the stock can still move higher from current levels.

Flaunting a Zacks Rank #1 (Strong Buy) currently, STX remains a compelling portfolio addition for investors now. You can see the complete list of today’s Zacks #1 Rank stocks here.

Seagate Technology (STX) received another bullish endorsement Monday after BNP Paribas maintained its Outperform rating and raised its price target to $1,275 fr

Storage and memory stocks had experienced pullbacks amid broad macroeconomic jitters and valuation concerns surrounding artificial intelligence (AI) hardware trades. Then came Seagate Technology (STX +0.52%) with a strong fourth-quarter, beat-and-raise performance, lifting the stock by more than $100 between its close on July 28, when it announced earnings, and its close on July 30.

Because Seagate and Western Digital (WDC +2.21%) operate as a tight duopoly in the high-capacity, hard disk drive (HDD) market, Seagate's performance offers clear visibility into the underlying health of the data storage industry and Western Digital's own performance.

That's good news for investors in Western Digital, which reports its Q4 results on Aug. 5. Its shares rose 15% between the stock's close on July 28 and its close on July 30. Here are three reasons why Western Digital's stock could jump higher after it reports earnings, and one reason it won't:

Image source: Getty Images.

Seagate blew past analysts' consensus estimates Seagate reported a 48% year-over-year Q4 revenue surge, driven primarily by cloud data centers and hyperscalers purchasing high-capacity nearline drives for AI workloads. Management noted that customers are securing capacity commitments well into future years. This directly dispels recent market concerns about a potential slowdown in AI infrastructure spending, confirming that hyperscaler demand for mass-capacity storage remains exceptionally robust, a trend that directly benefits Western Digital's enterprise HDD division.

Today's Change

(

2.21

%) $

11.80

Current Price

$

544.84

Western is forecasting Q4 revenue of $3.65 billion, representing a year-over-year gain of 36.5%. It also said it expects non-GAAP gross margin of 51.5%, up 1,020 basis points from the same quarter a year ago, and non-GAAP earnings per share (EPS) of $3.25, up 95.8%, year over year. If it can reach or exceed those numbers, investors will buy rather than sell on the news.

The stock is still off its 52-week highs While Western Digital is trading at slightly more than 31 times trailing earnings, it's actually not that high considering that Seagate's valuation is nearly double that level. Western, despite its recent share run-up, is still trading at a discount to its 52-week high of $799.87, showing there's still plenty of room for the stock to climb.

Seagate's fiscal 2027 Q1 earnings guidance of $4.1 billion, give or take $100 million, and non-GAAP EPS of $7.10 to $7.50, help to reset investor confidence across the entire data storage sector. This rally elevates baseline expectations and provides a favorable tailwind for Western Digital. It's important to note that concerns about high AI spending haven't prevented hyperscalers from buying data storage HDDs from Western Digital and Seagate.

Accelerating free cash flow and capital returns Western Digital's operational execution is generating substantial cash, as evidenced by nearly $1 billion in free cash flow in the fiscal third quarter. This strong cash profile reinforces financial strength, supports ongoing capital returns such as cash dividends, and gives management the flexibility to continue paying down debt. Strong cash-flow growth frequently acts as a primary trigger for institutional investors to rerate a stock post-earnings.

One reason to worry: A high bar has been set The primary risk facing Western Digital heading into the earnings announcement is that much of the optimism may already be priced into the stock. Shares have experienced a substantial rally leading into late July, setting an exceptionally high bar for performance.

If Q4 results merely meet expectations rather than significantly exceeding them, or if management provides conservative forward guidance due to broader macroeconomic uncertainties or cyclical risks in the consumer storage market, investors could seize the opportunity to take profits, leading to a pullback despite solid core numbers.

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.

By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.

However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.

Our proprietary system currently recommends Seagate (STX - Free Report) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.

Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.

While there are numerous reasons why the stock of this electronic storage maker is a great growth pick right now, we have highlighted three of the most important factors below:

Earnings GrowthEarnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.

While the historical EPS growth rate for Seagate is 2.6%, investors should actually focus on the projected growth. The company's EPS is expected to grow 90.5% this year, crushing the industry average, which calls for EPS growth of 58.2%.

Impressive Asset Utilization RatioGrowth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. This metric shows how efficiently a firm is utilizing its assets to generate sales.

Right now, Seagate has an S/TA ratio of 1.35, which means that the company gets $1.35 in sales for each dollar in assets. Comparing this to the industry average of 0.71, it can be said that the company is more efficient.

While the level of efficiency in generating sales matters a lot, so does the sales growth of a company. And Seagate is well positioned from a sales growth perspective too. The company's sales are expected to grow 39.3% this year versus the industry average of 29.6%.

Promising Earnings Estimate RevisionsBeyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

The current-year earnings estimates for Seagate have been revising upward. The Zacks Consensus Estimate for the current year has surged 4.2% over the past month.

Bottom LineWhile the overall earnings estimate revisions have made Seagate a Zacks Rank #1 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

This combination indicates that Seagate is a potential outperformer and a solid choice for growth investors.

Posted by Defense World Staff on Jul 31st, 2026

Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the twenty-seven research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, twenty-two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $986.00.

STX has been the subject of several research reports. China Renaissance upped their price target on shares of Seagate Technology from $802.00 to $983.00 in a research report on Friday, June 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday, June 24th. The Goldman Sachs Group lifted their price target on shares of Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. UBS Group raised their target price on Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, TD Cowen upped their price target on Seagate Technology from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday.

Get Our Latest Stock Analysis on STX

Insider Activity In related news, CEO William D. Mosley sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $751.29, for a total value of $22,538,700.00. Following the completion of the transaction, the chief executive officer owned 339,591 shares of the company’s stock, valued at approximately $255,131,322.39. This represents a 8.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 22,488 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $774.22, for a total value of $17,410,659.36. Following the sale, the chief financial officer directly owned 42,847 shares in the company, valued at approximately $33,173,004.34. This represents a 34.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 151,069 shares of company stock worth $126,191,753 over the last ninety days. Company insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Seagate Technology A number of hedge funds have recently made changes to their positions in the business. Bridgewater Advisors Inc. raised its stake in shares of Seagate Technology by 0.9% during the first quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock valued at $579,000 after acquiring an additional 13 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Seagate Technology by 23.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 15 shares during the period. Beaumont Financial Advisors LLC grew its stake in shares of Seagate Technology by 2.1% in the first quarter. Beaumont Financial Advisors LLC now owns 820 shares of the data storage provider’s stock worth $321,000 after purchasing an additional 17 shares during the last quarter. Cornerstone Wealth Group LLC increased its holdings in Seagate Technology by 0.5% during the 1st quarter. Cornerstone Wealth Group LLC now owns 3,542 shares of the data storage provider’s stock valued at $1,388,000 after purchasing an additional 19 shares during the period. Finally, WealthCollab LLC increased its holdings in Seagate Technology by 27.4% during the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock valued at $36,000 after purchasing an additional 20 shares during the period. Institutional investors own 92.87% of the company’s stock.

More Seagate Technology News Here are the key news stories impacting Seagate Technology this week:

Positive Sentiment: Seagate reported fiscal fourth-quarter adjusted EPS of $5.71, ahead of the $5.10 consensus estimate, while revenue rose 48.5% year over year to $3.63 billion, exceeding expectations. Management guided to fiscal first-quarter 2027 EPS of $7.10–$7.50, well above the prior outlook and supporting expectations for continued momentum. STX Q4 Earnings Top on 48% Sales Jump, AI-led Storage Demand Continues Positive Sentiment: Investors and analysts highlighted durable cloud and AI-storage demand, persistent data reuse, nearline capacity allocated through 2028 and Seagate’s Mozaic and HAMR technologies, with drives reaching up to 44TB. These trends improve demand visibility, operating leverage and potential cash flow. How Seagate’s HAMR Shift Is Driving the Next AI Storage Growth Wave Positive Sentiment: Wall Street firms raised their targets following the earnings report. Barclays lifted its target to $1,250 and JPMorgan to $1,240, while Citi, Cantor Fitzgerald, Rosenblatt, Wells Fargo, TD Cowen and Wedbush also maintained bullish ratings or increased targets. Zacks Research upgraded STX to “strong buy.” Positive Sentiment: The favorable read-through extended across AI and memory stocks, with Seagate’s results helping reinforce the view that data-center infrastructure spending remains strong despite recent concerns about the sustainability of the AI rally. Neutral Sentiment: Seagate declared a quarterly dividend of $0.74 per share, payable in October. The dividend provides shareholder support but is modest relative to the company’s valuation and is unlikely to be the main trading catalyst. Negative Sentiment: After its substantial 2026 rally, STX trades at a premium valuation, leaving less room for execution errors. Any slowdown in AI-storage orders, pricing, HAMR adoption or supply fulfillment could trigger profit-taking. Is STX Stock Still Attractive After Its Massive 2026 Price Rally? Seagate Technology Price Performance Shares of STX opened at $851.68 on Friday. The firm has a fifty day simple moving average of $896.04 and a two-hundred day simple moving average of $626.22. The firm has a market cap of $190.97 billion, a PE ratio of 61.36 and a beta of 2.04. The company has a current ratio of 1.67, a quick ratio of 0.85 and a debt-to-equity ratio of 1.56. Seagate Technology has a 1-year low of $144.75 and a 1-year high of $1,145.00.

Seagate Technology (NASDAQ:STX – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The company’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same period last year, the business posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities analysts anticipate that Seagate Technology will post 26.84 EPS for the current year.

Seagate Technology Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be paid a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is presently 21.33%.

About Seagate Technology (Get Free Report)

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.

Featured Stories Five stocks we like better than Seagate Technology Microsoft Just Flipped the AI Spending Narrative Overnight Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling? Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes

Receive News & Ratings for Seagate Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seagate Technology and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINE2,060 Shares in Cencora, Inc. $COR Acquired by BankChampaign National Association

NEXT HEADLINE »S&T Bancorp, Inc. $STBA Stake Reduced by Bank of New York Mellon Corp

Posted by Defense World Staff on Jul 31st, 2026

Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report)’s stock price gapped up before the market opened on Thursday after Barclays raised their price target on the stock from $1,000.00 to $1,250.00. The stock had previously closed at $764.43, but opened at $878.91. Barclays currently has an overweight rating on the stock. Seagate Technology shares last traded at $881.6110, with a volume of 1,447,010 shares trading hands.

A number of other equities analysts have also recently issued reports on STX. The Goldman Sachs Group boosted their price objective on Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Rosenblatt Securities increased their target price on Seagate Technology from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Company lifted their target price on Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an “overweight” rating in a research report on Wednesday. Bank of America boosted their target price on shares of Seagate Technology from $1,000.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Finally, Argus upped their price target on shares of Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $986.00.

Read Our Latest Report on STX

Insider Buying and Selling at Seagate Technology In other Seagate Technology news, CEO William D. Mosley sold 9,343 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $924.42, for a total transaction of $8,636,856.06. Following the transaction, the chief executive officer directly owned 311,517 shares in the company, valued at $287,972,545.14. This represents a 2.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 989 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $870,507.91. Following the transaction, the executive vice president directly owned 4,290 shares in the company, valued at $3,776,015.10. This trade represents a 18.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 151,069 shares of company stock valued at $126,191,753 in the last ninety days. 0.79% of the stock is owned by insiders.

Key Headlines Impacting Seagate Technology Here are the key news stories impacting Seagate Technology this week:

Positive Sentiment: Seagate reported fiscal fourth-quarter adjusted EPS of $5.71, ahead of the $5.10 consensus estimate, while revenue rose 48.5% year over year to $3.63 billion, exceeding expectations. Management guided to fiscal first-quarter 2027 EPS of $7.10–$7.50, well above the prior outlook and supporting expectations for continued momentum. STX Q4 Earnings Top on 48% Sales Jump, AI-led Storage Demand Continues Positive Sentiment: Investors and analysts highlighted durable cloud and AI-storage demand, persistent data reuse, nearline capacity allocated through 2028 and Seagate’s Mozaic and HAMR technologies, with drives reaching up to 44TB. These trends improve demand visibility, operating leverage and potential cash flow. How Seagate’s HAMR Shift Is Driving the Next AI Storage Growth Wave Positive Sentiment: Wall Street firms raised their targets following the earnings report. Barclays lifted its target to $1,250 and JPMorgan to $1,240, while Citi, Cantor Fitzgerald, Rosenblatt, Wells Fargo, TD Cowen and Wedbush also maintained bullish ratings or increased targets. Zacks Research upgraded STX to “strong buy.” Positive Sentiment: The favorable read-through extended across AI and memory stocks, with Seagate’s results helping reinforce the view that data-center infrastructure spending remains strong despite recent concerns about the sustainability of the AI rally. Neutral Sentiment: Seagate declared a quarterly dividend of $0.74 per share, payable in October. The dividend provides shareholder support but is modest relative to the company’s valuation and is unlikely to be the main trading catalyst. Negative Sentiment: After its substantial 2026 rally, STX trades at a premium valuation, leaving less room for execution errors. Any slowdown in AI-storage orders, pricing, HAMR adoption or supply fulfillment could trigger profit-taking. Is STX Stock Still Attractive After Its Massive 2026 Price Rally? Hedge Funds Weigh In On Seagate Technology Several institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC lifted its holdings in Seagate Technology by 168.0% during the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after buying an additional 4,499 shares during the period. Sivia Capital Partners LLC bought a new position in shares of Seagate Technology in the 2nd quarter worth $262,000. Cerity Partners LLC lifted its stake in shares of Seagate Technology by 25.8% during the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock worth $5,294,000 after purchasing an additional 7,517 shares during the last quarter. Sei Investments Co. boosted its position in Seagate Technology by 64.8% during the second quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock valued at $1,233,000 after purchasing an additional 3,358 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Seagate Technology by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock valued at $18,458,000 after purchasing an additional 462 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Price Performance The company has a market cap of $190.97 billion, a PE ratio of 61.36 and a beta of 2.04. The company has a quick ratio of 0.85, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The firm has a 50 day simple moving average of $896.04 and a 200-day simple moving average of $626.22.

Seagate Technology (NASDAQ:STX – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period in the prior year, the firm posted $2.59 earnings per share. The company’s quarterly revenue was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, research analysts predict that Seagate Technology Holdings PLC will post 26.84 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology’s dividend payout ratio is presently 21.33%.

About Seagate Technology (Get Free Report)

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.

Featured Articles Five stocks we like better than Seagate Technology Microsoft Just Flipped the AI Spending Narrative Overnight Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling? Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes Receive News & Ratings for Seagate Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seagate Technology and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEBank of New York Mellon Corp Sells 38,398 Shares of Park Hotels & Resorts Inc. $PK